TYO News and Press, Direxion Daily 10-Yr Treasury Bear 3x Shrs From 06/08/24

2024-06-08 08:30:00 ET Summary If there are no cuts in 2024 (not our view), there is also little prospect for the 10yr yield to fall in a material manner. With real yields so low, inflation easing lower is not enough to justify lower yields. A key difference between the eurozo...

2024-06-08 01:35:00 ET Summary This week, the European Central Bank made the first decisive move in the transition away from monetary tightening. Recent strength in the Eurozone economy, including a higher-than-expected growth rate in hourly wages published today, suggests the lac...

2024-06-08 00:01:00 ET Summary Coming into 2024, many income investors expected falling inflation, slowing economic growth and rate cuts that would boost bond returns- a view that spurred record flows into investment-grade bonds. Despite a slow start to the year for bonds, fixed i...

2024-06-07 23:40:00 ET Summary On Thursday, the European Central Bank (ECB) delivered a 25 basis point policy rate cut. By contrast, the Federal Reserve (Fed) is set to keep rates on hold at its meeting this month. Typically, central banks wait for the Fed to reduce rates befo...

2024-06-07 22:55:00 ET Summary Payroll gains were hotter than expected in May, slamming the door shut on any hopes of a July policy rate cut. The latest jobs report showed that 272,000 non-farm payroll jobs were added last month, significantly beating consensus forecasts of 180,00...

2024-06-07 13:45:00 ET Summary The two primary drivers of the market these days are news related to inflation and developments in artificial intelligence. The hope for the Fed to cut rates these past several months has supported equity values and suppressed rates since November. ...

2024-06-07 11:48:00 ET Summary Market interest rate cut expectations have swung wildly this year on fluctuating data and cautious messaging from Federal Reserve officials. Nonetheless, we are seeing broadening evidence that can justify the Fed starting to move policy fro...

2024-06-06 04:20:00 ET Summary Does gold hedge inflation? Rolling 36-month regressions of gold on median inflation yield results like those for headline inflation - the relationship is unstable and variable. If underlying inflation captures economic forces of excess demand and...

2024-06-05 14:15:00 ET Summary After yesterday’s news that US job openings fell to a three-year low in April, the data fueled the incentive for the bond market to reassess the view that the Federal Reserve will keep interest rates higher for longer. The 2-year rate continue...

2024-06-05 03:40:00 ET Summary Currency in circulation grew at a fairly steady pace of 6.6% per year from 2010 through 2019. It then exploded upward in the wake of the massive Covid stimulus spending. Tight inflation has fallen, real yields are relatively high, and interest-sensit...